Global Payments Inc (NYSE:GPN) Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $118.27, for a total transaction of $70,962.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Global Payments Inc (NYSE:GPN) traded up $0.63 on Wednesday, hitting $117.88. The stock had a trading volume of 892,329 shares, compared to its average volume of 1,230,000. Global Payments Inc has a 12 month low of $76.47 and a 12 month high of $118.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $18,760.00, a P/E ratio of 59.24, a P/E/G ratio of 1.54 and a beta of 1.09.
Global Payments (NYSE:GPN) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $943.39 million. Global Payments had a return on equity of 17.94% and a net margin of 11.78%. Global Payments’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. sell-side analysts expect that Global Payments Inc will post 4.85 EPS for the current year.
Global Payments declared that its board has approved a share buyback plan on Thursday, February 15th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of equities analysts have commented on GPN shares. Stephens raised shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $122.00 price objective on shares of Global Payments in a research report on Friday, December 22nd. Robert W. Baird reaffirmed a “buy” rating and set a $124.00 price objective on shares of Global Payments in a research report on Tuesday, January 23rd. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 price objective on shares of Global Payments in a research report on Friday, February 16th. Finally, SunTrust Banks lifted their price objective on shares of Global Payments to $145.00 and gave the stock a “buy” rating in a research report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Global Payments has a consensus rating of “Buy” and a consensus price target of $109.40.
A number of hedge funds have recently bought and sold shares of GPN. Nationwide Fund Advisors raised its stake in Global Payments by 0.7% in the third quarter. Nationwide Fund Advisors now owns 261,387 shares of the business services provider’s stock valued at $24,840,000 after purchasing an additional 1,815 shares in the last quarter. Prudential Financial Inc. raised its stake in Global Payments by 3.1% in the third quarter. Prudential Financial Inc. now owns 216,612 shares of the business services provider’s stock valued at $20,584,000 after purchasing an additional 6,440 shares in the last quarter. Swiss National Bank raised its stake in Global Payments by 0.9% in the third quarter. Swiss National Bank now owns 561,569 shares of the business services provider’s stock valued at $53,366,000 after purchasing an additional 5,200 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Global Payments by 13.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 10,899 shares of the business services provider’s stock valued at $1,036,000 after purchasing an additional 1,254 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Global Payments by 9.0% in the third quarter. BNP Paribas Arbitrage SA now owns 131,509 shares of the business services provider’s stock valued at $12,497,000 after purchasing an additional 10,830 shares in the last quarter. 96.68% of the stock is owned by institutional investors and hedge funds.
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Global Payments Company Profile
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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